The hit was made at 380m depth, nearly twice as deep as the targeted resource of 33-41 million tonnes grading 0.13-0.17% cobalt and 0.45-0.65% copper.
Formal assays are expected in a month.
Speaking at the Low Emission and Technology Minerals Conference, Celsius managing director Brendan Borg said the company was now hopeful of finding massive sulphides “as we get further into the system”.
Up until now Celsius had only been seeing disseminated mineralisation.
Even so Borg contends the grades Celsius has been intersecting are far from shabby, equivalent to about 1.4% copper and around 2% when adding in the copper also being hit.
Also a positive for ...